DOGE Price Analysis: Top Analyst Predicts Explosive Dogecoin Rally Based on Historical Pattern

DOGE 價格分析：頂級分析師根據歷史模式預測狗狗幣將爆炸性上漲

The cryptocurrency market is currently experiencing a notable correction as we enter May, with the familiar saying "Sell In May & Go Away" seemingly influencing investor sentiment. Bitcoin (BTC) has seen a decline of 10.52% over the past week, trading at just above $57,450.

進入五月，加密貨幣市場目前正在經歷顯著的調整，熟悉的說法「五月賣出並走開」似乎影響了投資者的情緒。比特幣 (BTC) 過去一周下跌 10.52%，交易價格略高於 57,450 美元。

This downturn in Bitcoin's price has had a ripple effect across the broader market, impacting other assets like Dogecoin (DOGE), which has dropped by 4.7% in the last 24 hours and 16.75% over the week.

比特幣價格的下跌對整個市場產生了連鎖反應，影響了狗狗幣（DOGE）等其他資產，狗狗幣在過去 24 小時內下跌了 4.7%，本週下跌了 16.75%。

Despite these market movements, prominent crypto analyst Ali Martinez remains bullish on the outlook for certain assets, including Dogecoin. Martinez's analysis points to a breakout of a descending pattern on Dogecoin's chart, suggesting the potential for an upcoming bull run soon.

儘管有這些市場波動，著名的加密貨幣分析師阿里馬丁內斯仍然看好某些資產的前景，包括狗狗幣。馬丁內斯的分析指出，狗狗幣圖表上出現了下降模式的突破，顯示即將到來的牛市的潛力。

The ongoing #Dogecoin price correction is part of its usual behavior before massive bull runs! Let's dive in — Ali (@ali_charts) May 1, 2024

正在進行的 #Dogecoin 價格調整是大規模牛市之前的正常行為的一部分！讓我們深入探討 — Ali (@ali_charts) 2024 年 5 月 1 日

Analyst Bullish View on Dogecoin

分析師看好狗狗幣

Ali Martinez recently tweeted a compelling observation based on historical data, noting that Dogecoin's current price correction closely aligns with previous instances that have historically preceded significant surges in value.

阿里馬丁內斯 (Ali Martinez) 最近在推特上發布了基於歷史數據的令人信服的觀察結果，指出狗狗幣當前的價格調整與歷史上價值大幅飆升之前的情況密切相關。

In 2017, Dogecoin experienced a breakout from a descending triangle pattern, followed by a notable retracement of 40%. This correction was a forerunner to a staggering 982% bull run, showing the coin's capacity for substantial growth following periods of consolidation.

2017 年，狗狗幣經歷了下降三角形形態的突破，隨後出現了 40% 的顯著回撤。這次修正是令人震驚的 982% 牛市的前兆，顯示了該代幣在盤整期後大幅增長的能力。

Similarly, during the crypto boom of 2021, Dogecoin once again emerged from a descending triangle, retracing by 56% before embarking on an extraordinary ascent of 12,197%. This remarkable surge captured global attention and solidified Dogecoin's position as a unique player in the digital asset landscape.

同樣，在 2021 年的加密貨幣繁榮期間，狗狗幣再次從下降三角形中崛起，回撤了 56%，然後開始了 12,197% 的非凡上漲。這一顯著的成長吸引了全球的關注，並鞏固了狗狗幣作為數位資產領域獨特參與者的地位。

Descending Pattern Breakout

下降形態突破

Fast forward to 2024, and Dogecoin finds itself in a familiar position, having broken out of yet another descending triangle formation. Presently, the cryptocurrency is undergoing a notable 47% price correction, a figure similar to previous cycles that have historically preceded substantial upward movements.

快進到 2024 年，狗狗幣發現自己處於熟悉的位置，突破了另一個下降三角形形狀。目前，加密貨幣正在經歷 47%​​ 的價格大幅調整，這一數字與歷史上大幅上漲之前的先前週期類似。

In 2017, #DOGE broke out of a descending triangle. Then, $DOGE retraced by 40% before entering a 982% bull run! pic.twitter.com/gfSN4aimmx— Ali (@ali_charts) May 1, 2024

2017 年，#DOGE 突破了下降三角形。然後，$DOGE 回調了 40%，然後進入了 982% 的牛市！ pic.twitter.com/gfSN4aimmx—阿里 (@ali_charts) 2024 年 5 月 1 日

The sentiment among Dogecoin proponents remains optimistic, with many interpreting these patterns as the beginning of future growth potential.

狗狗幣支持者的情緒仍然樂觀，許多人將這些模式解釋為未來成長潛力的開始。

Dogecoin Price Analysis

狗狗幣價格分析

As of now, Dogecoin is trading at $0.126189, reflecting a 3.43% decline in price over the last 24 hours. Despite this decrease, trading volume has surged by an impressive 49.83%, with Dogecoin's market cap standing at $18 billion.

截至目前，狗狗幣的交易價格為 0.126189 美元，過去 24 小時內價格下跌了 3.43%。儘管有所下降，但交易量卻猛增了 49.83%，令人印象深刻，狗狗幣的市值達到 180 億美元。